Limited LGM-Dairy funds available next Friday, Aug. 31

USDA’s Risk Management Agency (RMA) announced today it will make funds available for the next sales period of Livestock Gross Margin for Dairy Cattle (LGM-Dairy). More specifically, RMA plans to make available remaining underwriting capacity for LGM-Dairy for the August 31, 2012 period (next Friday). $2.5 million will be made available. This means that dairymen who want to participate should contact their insurance company and act quickly next Friday as the availability may get used fast. Last October and November, the last months where underwriting capacity was available, $13.1 million went away quickly, leaving many dairymen unable to purchase insurance. Aug. 24, 2012 WUD Friday Update